The Consumption Conundrum GDP, released last week, showed that the economy grew by a larger-than-expected 4.3%. Powering the strong economic growth was personal consumption, which rose by 3.5%. Consumers are spending!… What’s unusual about that statement is that consumer sentiment remains historically weak. Typically, there is a strong correlation between personal consumption and consumer sentiment. As RealInvestmentAdvice.com shares below, the University of Michigan and the Conference Board consumer sentiment indexes are at or near 10-year lows. Moreover, they are generally worsening, yet personal consumption continues to grow strongly. Can such a divergence continue? To help answer that, consider the five… — Continue at ZeroHedge News : Read More
